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Bonyad Finding Successor to Plasco

The Mostaz’afan Foundation is organizing an architecture competition to select the best plan that will replace the Plasco tower near the intersection of Jomhouri and Ferdowsi streets in central Tehran. A huge inferno brought down the iconic structure on January 19.

As owner of the commercial building after the 1979 Islamic Revolution, the Mostaza’fan Foundation (aka Bonyad) is planning to build a new complex in its place. For this purpose the foundation has purchased 5000 square meters of land adjacent to the Plasco area, which covers 4,300 meters. The state-owned organization is preparing the site for a larger complex facing Jomhouri Avenue, ILNA reported.

The 17-storey Plasco tower, a shopping center with 600 units and several clothing workshops was built in the 1960s. The foundation is now seeking to give the site a new definition with less emphasis on commercial activities.

The disaster that wiped out the tower opened an opportunity for implementation of a project hoped to bring the area to its former glory and significance.

Until October 12, those interested can register at Plascorebuild.com, a website launched in spring for promoting the new project and submit their plans until Oct. 19. Winners will be announced by the end of the month.